Glencore, the Anglo-Swiss commodity mining and trading company, has confirmed its full-year guidance despite a slight decline in copper production during the first half of the year. While there were decreases in zinc and nickel output, cobalt and gold production saw increases. Copper Production In the first half of the year, Glencore produced 488,000 metric tons of copper, … [Read more...] about Glencore Maintains Full-Year Guidance as Copper Production Slips
Forex News
Cosmos Health Shares Fall 22% After Securities Purchase Agreements
By Chris Wack Cosmos Health shares experienced a significant decline of 22% to $1.94 following the announcement of securities purchase agreements with institutional investors. The agreements involve the purchase and sale of 2.1 million shares in a registered direct offering, as well as warrants to buy up to 1.9 million shares in a concurrent private placement. Stock Performance … [Read more...] about Cosmos Health Shares Fall 22% After Securities Purchase Agreements
Hanover Insurance Expects Loss in Second Quarter
Hanover Insurance, based in Worcester, Massachusetts, has announced that it anticipates a loss in the second quarter of this year. The losses are a result of significant catastrophe losses linked to an unusually stormy season. The company estimates that it will record approximately $262 million in catastrophe losses for the quarter. These losses are mainly attributed to 19 … [Read more...] about Hanover Insurance Expects Loss in Second Quarter
European Commission Approves State Aid for Decarbonization Efforts of Thyssenkrupp and ArcelorMittal
By Pierre Bertrand The European Commission has given its approval for state aid measures amounting to a total of €2.85 billion ($3.19 billion) to be allocated towards decarbonizing the operations of Thyssenkrupp and ArcelorMittal. Thyssenkrupp's Steel Europe Business Thyssenkrupp's Steel Europe business will receive a grant of up to €550 million from the German government. The … [Read more...] about European Commission Approves State Aid for Decarbonization Efforts of Thyssenkrupp and ArcelorMittal
Georg Fischer’s Shares Decline on Lower First-Half Profits
Shares in Georg Fischer, the Swiss manufacturing company, dropped by 3.8% on Thursday following the release of their first-half financial results. The company reported a decrease in net profit and sales due to unfavorable exchange rates. Earlier in the day, shares had tumbled more than 5%. Financial Report Highlights Net profit in the January to June period dropped to 123 … [Read more...] about Georg Fischer’s Shares Decline on Lower First-Half Profits
